I think (Quaker Chief Executive Robert) Morrison did the best job he could for Quaker Oats shareholders. It took a while, but you can't blame him for courting Coca-Cola.
More Quotes from John McMillin:
The bottom line is that this is a low bid for a company that has enough earnings power to fuel a 30 stock price even with the heavy upfront spending for its case-ready products,John McMillin
If they see United Way of Middle Tennessee, in a nutshell, sometimes they may not know that that isn't the United Way that represents their county.
John McMillin
They've had their franchise, particularly domestically, eroded in the last decade by the value sector. I think now they're going on the offensive. While this will hurt earnings, I think it's the right thing to do.
John McMillin
People see a changed company. It's one of those situations where change increases the risk of the company. Now that they have diversity, you have greater growth potential, but you also have concern as they get into new businesses.
John McMillin
IBP wants to disappear as it becomes a stronger company over the next several years with a much more focused brand, ... But again, seeing the takeout price lower than IBP's 52-week high is not satisfying.
John McMillin
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